Argentina: Consumer confidence eases in October
October 24, 2011
In October, the Universidad Torcuato di Tella (UTDT) consumer confidence index eased to 57.7 points, which was down 1.6 points from the 59.3 points recorded in September, which had marked the highest level since February 2007. Despite the moderation, consumer sentiment remains above the 50-point threshold separating optimism from pessimism, and thus bodes well for consumer spending going forward. Both the sub-index relating to the general economic situation and to the personal economic situation deteriorated compared to the previous month. However, households did express a higher willingness to purchase durable goods compared to September.
Author: Armando Ciccarelli, Head of Data Solutions